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Confectionery Marketing Strategy

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International Marketing and research | Marketing Plan | Altoids | 5/26/2009 | | Executive summery This marketing plan is based on Altoids, which in an American product introduced into Australian market. Altoids are produced by Wrigley a US based company. In order to increase the market share Altoids will be introduced into Australian market through retailers by distribution and promotion. The PEST and SWAT analysis states that there is good scope of new confectionary items being introduced into Australian market. Altoids would be introduced into Australian market in two phases. In the initial phase four different flavors of the product will be introduced, which would be …show more content…

as an exceptionally strong lozenge, originally marketed to relieve intestinal discomfort. Altoids products were sold first in Europe in 1780 and it was introduced and developed in America market since 1918 (Wrigley Company Profile). 2.2. Wrigley in Australia 1. Wrigley has owned its subsidiary in Australia which dominates approximately 9 per cent of the total market share in Australian confectionary market. Wrigley has decided to increase its current market share by introducing Altoids. Distributed and promotion is through retailers in Australian widespread market as similar other confectionary product range (Wrigley Company Profile). 3. Situational Analysis 3.1 Business Environment Australia has a stable business environment, below is a pest analysis which gives an overall perspective of factors to be considered when entering the market: 3.2 Market and Industry Trends Many consumers are switching to mints and medicated confectionary with health benefits and a stronger taste. Consumers perceive products as a healthy way of enjoying confectionary products. (Euromonitor, 2008) The unit prices for mints continued to increase during 2008 due to higher production costs and the launch of new flavours. New products and variations on existing ranges suite a variety of consumer preferences. (Euromonitor 2008) Mints have increased considerably over the last five years, the value of

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